All Responses

Though there are loans out there if you search really hard, I do not recommend them. The reason is this....with very low credit scores you will mostly if not entirely only be offered a loan with a very, very high interest rate, which in many circumstances will defeat the whole reason for getting a loan and you will perhaps end up owing more than you did with just your credit obligations. Best solution is to stop spending using credit, and add as much to each obligation monthly that you can in order to pay it off faster. You will actually accomplish 2 things doing this.

1) you will get out of debt, credit obligation wise, and sooner rather than later

2) doing it this way, you will actually improve your credit score, AND you will have the satisfaction that you did it with hard work and determination/dedication.

Dont dig a bigger hole foryourself by trying to secure a loan shark loan, because this is essentially all you will be offered. Just buckle down and start gardening...plan it all out and monitor your goal. Know your debt free day and stay with it. It will work, I know, I did it. :)

Your Credit Scores Should Be Free. And Now They Are.

Reply to this Question

Write your response:

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.